pci compliance for banks

Our Commitment to PCI Compliance

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Stay Secure With Our PCI Compliance for Banks

Any organization that accepts credit cards must comply in full with PCI DSS—the Payment Card Industry Data Security Standard. When you partner with Basys for your payment gateway API solutions, you receive access to our PCI compliance team.

Our proactive approach to PCI DSS keeps your merchant clients’ data—and their customers’ data—safe and secure.

Benefits of Basys PCI Compliance Support

Reduced Risk

Noncompliance increases susceptibility to a data breach. We help your clients stay as safe as possible.

Client Assistance

We educate merchants about industry best practices and help guide their active steps toward compliance.

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Problem Identification

Our PCI compliance experts can help identify potential issues before they escalate into major problems.

Protect Your Merchants with PCI Compliance

Learn more about helping your merchants conduct safe and secure transactions.

The Basys Process for PCI Best Practices

Before our PCI Compliance Team goes to work helping your merchant clients, we’ll assign a dedicated, single point of contact to you. They’ll partner with your staff, analyze your merchant services and offer strategies for growing the customer experience—and your revenue.

Then, our team contacts your merchants regarding PCI compliance. We remind them about their requirements, answer questions and walk them through their annual PCI compliance questionnaire. We explain the different requirements and make the process seamless for your merchants.

Frequently Asked Questions

What are the risks of noncompliance for merchants?

The largest risk of noncompliance for merchants is the increased risk of susceptibility to a data breach. The average cost to recuperate from a data breach is $215 per compromised card number. Worse, 70% of small- to medium-sized businesses never recover from a data breach.

There can be large fines involved in a breach as well. PCI compliance doesn’t entirely neutralize this threat. However, It educates merchants on industry best practices, showing them the active steps to take for the best breach prevention. If a merchant is found to be in noncompliance, costly fees could be levied against them.

How do most other credit card solution providers handle PCI compliance?

Unlike Basys, typical payment providers take a reactive approach to compliance. Merchants must complete the requirements on their own with no assistance or guidance from the solution providers.

The PCI DSS requirement is typically buried in the agreement details, where it may be missed. This may not be by accident, as the noncompliance fees may be viewed as a revenue generator. Often there is no direct contact from a payments provider to a merchant regarding PCI compliance.

What exactly is PCI DSS?

PCI DSS stands for Payment Card Industry Data Security Standard. This set of requirements concerns how a merchant or entity processes credit cards. The PCI Security Standards Council developed PCI DSS in 2006. This council consists of five major card brands: Visa, MasterCard, American Express, Discover and JCB.